GDP Growth Eases to Rate
Of 1.8% as Concerns Remain

WASHINGTON -- Economic growth slowed more quickly in the second quarter than anticipated, but concerns about an acceleration in the second half of 1999 remain.

The Commerce Department said that in the quarter ended June 30, gross domestic product, the value of all the goods and services produced in the U.S., grew at an annual rate of 1.8% after adjusting for inflation. That was down from an earlier estimate of 2.3%. GDP growth during the second quarter was the lowest since the second quarter of 1998, when the economy grew...